METRO Cash & Carry: developments in the cash & carry business
In terms of sales and international presence, the METRO Cash & Carry sales line is the global market leader in self-service wholesale.
In the short financial year 2013, sales generated by the cash & carry segment in Germany have been below the level of the previous year’s period. The cash & carry segment has once again performed worse than food retailing, which has seen a slight gain in sales revenue. Food price increases have had a positive impact on sector performance overall. METRO Cash & Carry has defended its leading market position in the cash & carry segment in Germany during the reporting year. Nonetheless, the sales line’s market share has continued to fall there during the short financial year 2013.
In Western Europe, sales generated by the cash & carry segment during the short financial year 2013 have come in slightly below the level of the previous year’s period. The performance of the cash & carry segment has continued to vary from country to country. Despite protracted unfavourable economic conditions, sales revenues in the crisis countries of the eurozone have fallen less than they did in the previous period. Compared with modern food retailing, overall the cash & carry business has generated weak results once again.
In Eastern Europe, sales generated by the cash & carry segment during the short financial year 2013 have surpassed the level they had reached in the previous year’s period. Once again, positive price effects have fuelled growth in individual countries. As a result of contrasting economic conditions, sales results in the region have produced a mixed picture overall. As a result of favourable macroeconomic conditions, sales generated by the cash & carry segment have risen in Russia, for example. Despite domestic strife in Turkey, the positive trend there has continued as well. During the reporting period, METRO Cash & Carry was able to expand its market share in the region.
In Asia, the cash & carry segment has continued to perform strongly. Sales generated by the cash & carry segment have once again grown faster than sales in modern food retailing during the short financial year 2013. Thanks to the continued low market concentration found in many countries and the higher number of small, traditional retailers, the region continues to exhibit tremendous growth potential. It also remains a focal point of strategic expansion at METRO Cash & Carry.